Globalization

Description:

Globalization is the growing interconnectiveness reflected in the expanded flows of information, technology, capital, goods, services, and people throughout the world (p.10 NIC report Mapping the global future???. Therefore the globalization of markets is the growing interconnectiveness of markets, like financial markets, labor markets, trade markets etc.

Globalization has become identified with trends such as: greater international movement of commodities, money, information, and people; and the development of technology, organizations, legal systems, and infrastructures to allow this movement.

Enablers:

• Human Capital (i.e. Immigration, Migration, Emigration, Deportation, etc.)
  
• Financial Capital (i.e. Aid, Equity, Debt, Credit & Lending, etc.)
  
• Resource Capital (i.e. Energy, Metals, Minerals, Lumber, etc.)
  
• Power Capital (i.e. Security Forces, Alliances, Armed Forces, etc.)
  
• Increase in technology especially information technology
  
• Increasing participation of China and India in the global markets
  
• Decreasing power of communism
  
• Increasing power and number of global companies.
  

Inhibitors:

• Increasing disparity of poor and rich
• Increasing difference between islamic and non-islamic countries.
• Pandemic disease
• Cultural differences
• Diminishing of SMEs
• Law regulations differences

Paradigms:

Diffrent companies having different or even contradicting rules and regulations which leads to unharmonised understanding. Laws and regulations should be made on a global basis.

Possible decreasing power of governments and increasing power of companies, which set a totally different political and economic arena. The rules to adhere to in this situation has yet to be created.

Web Resources:

To return to the home page of the Future of Communication clickThe_future_of_communication_in_2015